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Companhia Paranaense de Energia Sponsored ADR ( (ELPC) ) has provided an update.
On May 21, 2026, Copel’s board of directors approved an amendment and renewal of its share buyback program, originally launched on November 25, 2024, maintaining its aim of acquiring common shares for treasury, cancellation, resale or use in share-based incentive plans without reducing share capital. The renewed program allows the purchase of up to 285,506,846 additional common shares, equivalent to 10% of outstanding stock including those already in treasury, extends the buyback window for 18 months to November 21, 2027, and confines purchases to available profits and reserves so as not to impact dividend distributions, signaling continued capital management discipline for shareholders.
Acquisitions under the updated program will be executed on B3 at market prices, with Copel’s executive board empowered to determine timing, volumes and pricing of transactions in line with regulatory limits. Trading may be intermediated by Itaú, BTG Pactual and Morgan Stanley brokerages, underscoring the company’s intention to actively manage its equity base while preserving financial flexibility and investor returns.
The most recent analyst rating on (ELPC) stock is a Buy with a $13.10 price target. To see the full list of analyst forecasts on Companhia Paranaense de Energia Sponsored ADR stock, see the ELPC Stock Forecast page.
Spark’s Take on ELPC Stock
According to Spark, TipRanks’ AI Analyst, ELPC is a Outperform.
The score is driven by very attractive valuation (low P/E and high yield) and generally solid profitability, tempered by rising leverage and only modest cash-flow coverage versus operating profit. Technicals are mixed/neutral, while the latest earnings call supported the outlook with strong recurring results and capital discipline but acknowledged operational and hydrology-driven volatility.
To see Spark’s full report on ELPC stock, click here.
More about Companhia Paranaense de Energia Sponsored ADR
Companhia Paranaense de Energia (Copel) is a Brazilian electric utility based in Curitiba, Paraná, operating in power generation, transmission, distribution and related energy services. The company serves the state of Paraná and accesses capital markets through listings in Brazil, the New York Stock Exchange and Latibex, targeting both domestic and international investors.
Average Trading Volume: 408,314
Technical Sentiment Signal: Buy
Current Market Cap: $8.95B
For detailed information about ELPC stock, go to TipRanks’ Stock Analysis page.